As to compliance

Classes of As to place of As to religious or As to the number As to business Exist in

As to purpose As to shares As to ownership with legal Exist in fact
Corporation incorporation non-religious of corporators or charity law
requirements
Domestic corporation Philippine laws
Foreign corporation Foreign laws
Multinational Philippine + Foreign
corporation laws
Govern a particular
Public corporation segment of the
state
Private individuals
Private corporation
for private purpose
Quasi-public Private corporation
corporation (Public that is granted by
Utilities/Public Service the state to perform
corporation) public duties
For profit;
Ownership is
Stock corporation divided into units
or shares of
capital stock
Non-stock corporation Non-profit
Ecclesiastical Religious
corporation purposes
Non-religious
Lay corporation
purposes
Offered to public
Open corporation
investors
Shares are traded
Listed corporation
in stock exchange
Shares are traded
in the market (buy
Over-the-counter
and sell directly,
corporation
not in stock
market)
Close corporation Not offered for
(Closely-held public investors
corporation)
Corporation Sole Religious One
Corporation Religious More than one
Aggregate
For profit For business or
Civil corporation
profit
Eleemosynary Non-profit For charity
corporation
Compliance with
De jure corporation ✓ ✓
all
Non-compliance
De facto corporation ✓
with some